Arc Resources (OTCMKTS:AETUF) Shares Gap Down – Here’s Why

Arc Resources Ltd. (OTCMKTS:AETUF) gapped down prior to trading on Friday . The stock had previously closed at $18.56, but opened at $17.60. Arc Resources shares last traded at $16.10, with a volume of 59,590 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AETUF shares. Roth Mkm assumed coverage on shares of Arc Resources in a research note on Friday, December 19th. They set a “buy” rating for the company. Raymond James Financial lowered shares of Arc Resources from an “outperform” rating to a “market perform” rating in a research report on Friday. CIBC lowered shares of Arc Resources from an “outperform” rating to a “neutral” rating in a research report on Friday. National Bankshares lowered Arc Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday. Finally, Cantor Fitzgerald assumed coverage on Arc Resources in a report on Monday, October 27th. They set an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Arc Resources has a consensus rating of “Moderate Buy”.

Arc Resources Trading Down 11.4%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.53 and a current ratio of 0.54. The business’s 50 day moving average price is $18.30 and its two-hundred day moving average price is $18.51. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 1.81 and a beta of 0.29.

Arc Resources (OTCMKTS:AETUF) last released its earnings results on Thursday, February 5th. The energy company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Arc Resources had a net margin of 25.94% and a return on equity of 16.90%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.07 billion. Equities analysts forecast that Arc Resources Ltd. will post 2.23 earnings per share for the current fiscal year.

Arc Resources Company Profile

Arc Resources Ltd., trading on the OTC Markets under the ticker AETUF, is a Canadian energy company primarily engaged in the exploration, development and production of natural gas, condensate and natural gas liquids. Headquartered in Calgary, Alberta, the company’s core operations are concentrated in the Montney formation, a premier resource play extending across northeastern British Columbia and northwestern Alberta. Arc’s portfolio emphasizes liquids-rich gas production supported by proprietary midstream infrastructure, including gas processing facilities, pipelines and water management systems.

Since its formation in the mid-1990s as Arc Energy Trust and its conversion to a corporation in 2015, Arc Resources has pursued a disciplined growth strategy focused on operational efficiency, cost control and sustainable development.